Average OTC Margin Forex Account Size in Japan Totals $14,000

by Victor Golovtchenko
  • Japanese OTC FX margin volume skyrocketed 132% in the fiscal third quarter of 2014, marking a new all time high and reaffirming an ever-growing risk appetite by Japanese traders to engage in forex trading.
Average OTC Margin Forex Account Size in Japan Totals $14,000
FFAJ

Data published by the Financial Futures Association of Japan (FFAJ), confirms the ongoing trend of rising FX volumes across the retail foreign Exchange space. The figures released for the fiscal third quarter of 2014, which encompass the period between October and December 2014, show rampant growth in the sector.

On the over-the-counter (OTC) market the figures in Q3 totaled $14.6 trillion (¥1.76 quadrillion), which is higher by 132% when compared to the second quarter of 2014, which ended on the 31st of September 2014.

Looking at the on exchange FX contracts, we’re seeing growth totaling 68.5% when compared to the previous quarter as 12,573,762 futures contracts changed hands throughout the final three months of 2014.

The number of active customer accounts in retail Forex has increased by 7.1% through the quarter totaling $14,000 dollars. Margin deposits have increased at a similar pace ticking higher by 7.0% to $10.7 billion (¥1.28 trillion), resulting in an average account size of $14,000.

Exchange trading declined on the Osaka Securities Exchange and rose on the Tokyo Financial Exchange’s click365 platform. The trading volumes in Osaka declined 72.9% to ¥186.9 billion, while those in Tokyo ticked higher by 8.6%.

Unsurprisingly, due to the stagnant first half of last year, the total volume figures for fiscal 2014 have been lower than those for fiscal 2013. OTC foreign exchange trading has been affected the least, declining only 4%, while Exchange traded FX in Osaka declined 77% and figures on Tokyo Financial Exchange’s click365 platform dropped by 27.2%.

FFAJ

Data published by the Financial Futures Association of Japan (FFAJ), confirms the ongoing trend of rising FX volumes across the retail foreign Exchange space. The figures released for the fiscal third quarter of 2014, which encompass the period between October and December 2014, show rampant growth in the sector.

On the over-the-counter (OTC) market the figures in Q3 totaled $14.6 trillion (¥1.76 quadrillion), which is higher by 132% when compared to the second quarter of 2014, which ended on the 31st of September 2014.

Looking at the on exchange FX contracts, we’re seeing growth totaling 68.5% when compared to the previous quarter as 12,573,762 futures contracts changed hands throughout the final three months of 2014.

The number of active customer accounts in retail Forex has increased by 7.1% through the quarter totaling $14,000 dollars. Margin deposits have increased at a similar pace ticking higher by 7.0% to $10.7 billion (¥1.28 trillion), resulting in an average account size of $14,000.

Exchange trading declined on the Osaka Securities Exchange and rose on the Tokyo Financial Exchange’s click365 platform. The trading volumes in Osaka declined 72.9% to ¥186.9 billion, while those in Tokyo ticked higher by 8.6%.

Unsurprisingly, due to the stagnant first half of last year, the total volume figures for fiscal 2014 have been lower than those for fiscal 2013. OTC foreign exchange trading has been affected the least, declining only 4%, while Exchange traded FX in Osaka declined 77% and figures on Tokyo Financial Exchange’s click365 platform dropped by 27.2%.

About the Author: Victor Golovtchenko
Victor Golovtchenko
  • 3423 Articles
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About the Author: Victor Golovtchenko
  • 3423 Articles
  • 7 Followers

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